The twenty-third annual general meeting of "shareholders of the Padang Rubber Ca. Ltd, was held at noon on July 2i at A. R. Bur-Kill & Sons, 2" Canton Road. Mr. ER. Burkill presided at, the meeting supported: by Mr. W. Mellor, The number of shares represented was 51,850, After the notice convening, the meeting had been read Mr. C, Burkill addressed those present as As Shareholders are' aware, tapig was suspended on the te since May, 1931, hence no camps tive statistics of yields and costs are given in the report. The trees have! benefitted considerably' from the rest and the opportunity was taken to improve the general condition of the estate. As mentioned in the report, 34 acres representing various small lots scattered over the Estate previously abandoned were replanted, and the construe~ tion of contour paths for tappers the steeper slopes was jearried out at. a small monthly ost. Our technical adviser reports that the estate is in a better condition than it has ever been since he "has known the property. May this year, the beginning of the current financial year, tap pit Joperations were resumed, and. the present. selling price' is maine tained, we hope to show a profit on 'The cost of maintaining the estate during the year under view amounted to" Tis, 16,582.32 but' owing to interest earned and the refunds of directors' and gen-Jeral managers' fees, the loss for the year amounted to 'Tls. 7,708.96. At the last annual meeting, Tis, 50,- 000 was transferred from equal isa tion of dividend account to profit and loss account, thereby making the sum brought' forward. to. this year's accounts Tis, 26,626.10, and deducting the loss of Tis, 7,708.06, there is a balance at credit. of Profit, and loss account of Tis, 19, 117.14, which the directors recommend "be carried forward to next year's accounts, There is nothing further for zo to comment upon as regards the working: of the estate and the a counts, but I would' like to. take this opportunity of expressing the directors' appreciation of the good. work done by the estate manager Jand staff. Our thanks are also due to the visiting agent and Straits agents for their good care of out property throughout the year, Before putting the resolutions to the meeting I shall be pleased to. anewer to, the best of sy ability any" questions shareholders may There were no questions, and the following Resolutions were put to the Meeting and carried unani-
Proposed by Mr. C. R. Burkill and seconded by Mr. W. Mellor-—That the report and accounts "for the ended April 30, 1033, together with the recommendation as to the appropriation of the balance Jcredit of the profit and loss account as presented be adopted, Proposed by Mr. W. Mellor, seconded by Mr. C.J. Smith—That the appointment of Me. C. R. Burkdll fas a director of the company be confirmed.
Mr, Jules Jadot seconded the resolution, which was eat ried unant seconded by Miss G.'M, Allan—Propowed by, Me, C. R. Bunk 'That the appointment' of Mr. Mellor ax "a'ditector of the Com: pany be confirmed.
(messrs. Cooper Brothers and Ca.) [were reappointed.
'A' vote of thanks was accorded to the. Chairman of the meeting' for Presiding, to the directors, and to Major W. S. Nathan (the chairman of the company) for his invaluable work in the Bast, and the staff at home and abroad The proceedings then termi seconded by Mr. Chun. Yin Yee:
Proposed by Mr, C. J, Smith,
fong-—That" Mr. C. R. Burkill be re-flected a director of the Come pany.
Proposed by Mr. Chun Yin Yeo tong, seconded) by Miss G. Allan—That Messrs. Thomson Go. be re-elected auditors to the 1. Company.
Text read from the printed page and cleaned; old type leaves the occasional error.